Expert opinion: bullish #CAKE
When the round bottom appeared in October 2023, the trading volume was large, but now there is no trading volume.
Current situation analysis:
1) There was a small rise after the big drop in early August, which is regarded as an "initial bullish breakout".
2) The current trend has formed a higher low, but has not yet touched the low in July 2024. Above this level, CAKEBTC has a potential bullish opportunity, that is, "buy low and sell high".
Note:
Although the risk is not zero, it is relatively low and the potential reward is high.
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